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E&O plans to sell non-core assets for RM700mil

KUALA LUMPUR: Property developer Eastern & Oriental Bhd (E&O) plans to divest RM700mil in non-core assets, including shopping malls as well as vacant land in Penang and here. The proposed divestment included the ongoing sale of the Lone Pine Hotel in Batu Feringhi, Penang for RM85mil and 0.9-acre freehold land at Jalan Liew Weng Chee (off Jalan Yap Kwan Seng), for RM68.7mil.

E&O sees strong earnings in FY18 from projects

KUALA LUMPUR: Eastern & Oriental Bhd expects a strong financial performance this year from the ongoing sale of its properties and the planned disposal of several major non-core assets.

Group MD Kok Tuck Cheong pointed out the group would also be recognising profit from the disposal of a portion of the company’s Seri Tanjung Pinang phase 2 (STP2) project in Penang to Kumpulan Wang Persaraan (Diperbadankan) (KWAP) for RM766mil.

Property segment boost for E&O’s quarterly net profit

PETALING JAYA: Eastern & Oriental Bhd’s (E&O) net profit increased 6.5-fold to RM21.24mil for the first quarter of the financial year ending March 31, 2018 from RM3.24mil in the corresponding period last year.

Enjoy weekend promo featuring hearty meaty delights

THE hearty Weekend Roast at Eastern and Oriental (E&O) Hotel in Penang is a must-try for those who enjoy juicy meats with accompaniments.

Help yourselves to succulent beef, lamb and chicken, to go with sides of vegetables, at the highly popular Weekend Roast in E&O Hotel in Penang.

E&O shareholders approve RM766mil land sale to KWAP

PETALING JAYA: Eastern & Oriental Bhd’s (E&O) shareholders have approved the disposal of a portion of the company’s Seri Tanjung Pinang phase 2 (STP2) project to Kumpulan Wang Persaraan (Diperbadankan) (KWAP) for RM766mil.

Firm launches colourful booklet on green activities

THE Think Green community education programme by Eastern & Oriental (E&O) Bhd has come a long way since it began in June 2013.

Zawawi (in red) chatting with SK Tanjung Tokong and Tadis Ar-Rasyidin pupils about the Think Green booklet during the E&O Hari Raya open house at Straits Green, Seri Tanjung Pinang, Penang.

E&O 'neutral', PMM 'buy', DNex 'buy', MRCB 'hold'

Eastern & Oriental (E&O) is selling its subsidiary E&O Express Sdn Bhd, which owns and operates the Lone Pine Hotel in Batu Feringghi, Penang, for RM85mil. This is consistent with plans to dispose non-core assets to lighten its debt.

PublicInvest Research positive on E&O sale of Lone Pine Hotel

KUALA LUMPUR: PublicInvest Research is positive on Eastern & Oriental Bhd’s (E&O) proposed sale of its subsidiary, E&O Express Sdn Bhd which owns and operates the Lone Pine Hotel in Batu Feringghi, Penang, for RM85mil.

Last Friday, E&O signed a share sale agreement with Langkawi Saga Shopping Centre Sdn Bhd and Lubritrade Trading Pte Ltd to dispose of the Lone Pine Hotel.

E&O sells entire stake in owner-operator of Lone Pine Hotel

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) is selling its entire stake in E&O Express Sdn Bhd, the owner-operator of Lone Pine Hotel in Batu Feringghi, Penang, for RM85mil.

Their first Fathers Day

Modern dads dive into fatherhood with excitement, nervousness and a willingness to do their part in bringing up baby. StarMetro speaks to four first-time fathers about their adventures in raising their child.

New dads tell StarMetro about their aspirations and the challenges faced while coping with their firstborn.

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